FE's subsidiary, Jersey Central Power & Light, has started building a project to improve overhead lines and set up a new underground electric service.
A project aimed at helping 1,700 customers in Morris and Sussex counties has started. Jersey Central Power & Light (JCP&L), part of FirstEnergy Corp., is working on this year-long project to improve overhead power lines and add new underground electric service in parts of Sussex County.
BOSTON--(BUSINESS WIRE)--CRA International, Inc. (NASDAQ: CRAI), a global leader in economic, financial, and management consulting, has announced that it will hold an RFP auction for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries — Ohio Edison, The Illuminating Company, and Toledo Edison. This auction aims to find a supplier for the full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The selected supplier will be responsible for serving all PIPP customers.
FirstEnergy Corp. (NYSE:FE) will hold its Q4 2024 Earnings Conference Call on February 27, 2025, at 8:00 AM ET. The call will feature company representatives, including Karen Sagot, Brian Tierney, and Jon Taylor, along with participants from various financial institutions. Please note that this conference is being recorded.
FE's earnings and revenues for the fourth quarter fell short of expectations. The company is still following its long-term investment strategy to improve its infrastructure.
FirstEnergy Corp. announced its full year 2024 GAAP earnings at $1.70 per share, with operating earnings at $2.63 per share, which are within the expected range. The company plans to invest $4.5 billion in customer-focused projects in 2024, a 20% increase from 2023, to enhance grid reliability and support the energy transition. Additionally, they have expanded their Energize365 capital investment program through 2029, aiming for $28 billion in investments and a projected 9% growth in their rate base.
FE's results for the fourth quarter of 2024 are likely to improve due to better service reliability and the addition of a new transformer at its substation.
Almost 1,000 customers will gain from the project in Holmdel, N.J. Jersey Central Power & Light (JCP&L), part of FirstEnergy Corp., is improving its electric grid in parts of Mercer County to reduce the chances of outages for residents in Hopewell Township, especially during bad weather.
AKRON, Ohio, February 11, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) plans to announce its financial results for the fourth quarter and the entire year of 2024 after the market closes on Wednesday, February 26. The company's management will talk about these results in a conference call with financial analysts at 8 a.m.
FirstEnergy Pennsylvania Electric Company (FE PA), which operates as West Penn Power in western Pennsylvania, has improved its electric system in eastern Westmoreland County. This upgrade aims to prevent service interruptions, maintain voltage levels, and support future growth for 500 customers. The announcement was made on February 10, 2025, in Greensburg, Pennsylvania.